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Information for Business Owners

Tax Minimisation vs. Tax Avoidance

It's important to understand that there is a difference between avoiding tax and minimising tax.

It's only natural to want to minimise the amount of tax you pay and there are many legal ways to do this. At this time of year particularly, you might be considering entering into a tax-effective investment or other tax planning arrangement. However, you need to be cautious of ending up in a tax avoidance scheme. There's nothing to like about the consequences of that!

If you've been investing for a while, or you're quite financially savvy, you might think it couldn't happen to you. Apart from the fact that, on face value, many tax avoidance schemes appear legitimate, often people promoting these arrangements also use pressure tactics or offers of exclusivity to influence you to 'sign on the dotted line' before you have a chance to really investigate what you're getting into or seek any external advice.

It's always worth taking the time to check things out where your money is concerned. A little time and effort now might save you a lot of trouble later. And a lot of money. 

For more information call Alan Beck at BASMAN RETURNS on 0419 671 602 or email alan@basman.com.au

4 Comments to Tax Minimisation vs. Tax Avoidance:

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Malakai Kurt on Thursday, 18 October 2012 3:56 PM
Educative allocation dude. As a trader this allocation about Tax Minimisation vs. Tax Avoidance gives me lot of clearness in this issue. Thanks dude.
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Arturo Marquez on Friday, 11 January 2013 8:12 PM
What an informative blog on the subject of Tax Minimisation vs. Tax Avoidance! There have a good discussion on this concept which was unknown to me for so many days. Thanks a lot mate. Keep it up.
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motor vehicle accident lawyer sydney on Friday, 15 February 2013 8:04 PM
I am sure now people can differentiate avoiding tax and minimizing tax that both are different things.
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kedarnath yatra on Friday, 5 April 2013 4:58 PM
Awesome post! Personally I like your site. . I am so impressed to read your content. I am looking forward for the next valuable and informative concept in your blog. Overall outstanding post. Carry on :)
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